> Just playing the Devil's advocate here, why is this bad if profit and growth is the ultimate motive? People who have shifted into a permanent state of servic

> Just playing the Devil's advocate here, why is this bad if profit and growth is the ultimate motive? People who have shifted into a permanent state of servicing high-interest debt tend to be useless to the economy once they've entered that state. Unable to consume much (and this is still a consumer economy), unable to train for new work, probably overrepresented in public welfare programs for which others foot the bill. Literally the only "profit and growth" involved is for whoever holds the debt. The overall economic effect beyond a few big bondholders is quite negative.